Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong

Fed’s dovish policy will not erase carry trade risks in Hong Kong dollar, analysts say

  • Hong Kong dollar jumped to 7.8451 against the US Dollar on Thursday, its strongest level in six weeks to pull away from the weak end of its trading band
  • The US Federal Reserve earlier brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year
Topic |   Currencies

TOP PICKS

Liquidity in Hong Kong’s banking system has shrunk to HK$69.9 billion (US$8.9 billion) from HK$76.3 billion at the beginning of the month. Photo: Winson Wong
READ FULL ARTICLE
China wants to create 11 million new jobs this year to cap the surveyed urban unemployment rate at around 5.5 per cent and registered unemployment rate within 4.5 per cent. Photo: AFP

China’s middle class stress over debt payments as unemployment hits two-year high

  • China’s unemployment rate jumped to 5.3 per cent in January and February from 4.9 per cent in December, the highest level in two years
  • Household debt, which includes mortgage and credit cards, now makes up 52 per cent of China’s gross domestic product
Topic |   China economy

TOP PICKS

China wants to create 11 million new jobs this year to cap the surveyed urban unemployment rate at around 5.5 per cent and registered unemployment rate within 4.5 per cent. Photo: AFP
READ FULL ARTICLE